Mahindra & Mahindra's Farm Equipment Sector (FES), a part of the USD 16.9 billion Mahindra Group, today announced a fall of 22% in tractor sales for August 2015.

Total tractor sales during August 2015 declined 22% to 11,699 units, as against 15,006 units in the same period last year.

Domestic sales in August 2015 stood at 10,751 units, as against 13,733 units during August 2014, registering a fall of 22%. Exports for August 2015 declined 26% to 948 units as against 1273 units during August 2014.

Commenting on the month's performance, Rajesh Jejurikar, president and chief executive - farm equipment and two wheeler division, Mahindra & Mahindra said, 'We sold 10,751 tractors in the domestic market during August 2015. While monsoon has reported 12% deficient so far, we are hopeful that improved rainfall in the remaining period would infuse positive sentiment for the coming season.'

Shares of the company declined Rs 46.15, or 3.77%, to settle at Rs 1,176.80. The total volume of shares traded was 79,285 at the BSE (Tuesday).